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Economy News: March Retail Sales Down

ESSENCE.COMDec, 16, 2009

The Commerce Department notes that March retail sale received a 1.1 percent drop from February, according to Reuters. This comes after the department predicted a .3 percent increase for the month. So far, the decline has affected all retail industries except food and beverage, health, and personal care. The dip in percentage is believed to be a result of the 2.3 percent decline in auto and parts sales. —LB